MALABAR GROUP TO CELEBRATE 30TH ANNIVERSARY; TO OPEN INDIA’S MOST MODERN INTEGRATED JEWELLERY UNIT AND DESIGN STUDIO AT KAKKANCHERRY

1st March 2023

Malabar Group, set up by a handful of entrepreneurs in Kozhikode town 30 years ago in a humble way, has now grown to be one of the largest jewellery chains in the world today. The Group is launching a year-long celebration with a slew of events and expansions programs in India and abroad to mark the milestone of 30 years in the service to the nation

Inauguration: Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan

Date and Time: March 4, Saturday, at 11.30 am

Venue: Kinfra Park, Kakkancherry, Malappuram

Malabar Group, set up by a handful of entrepreneurs in Kozhikode town 30 years ago in a humble way, has now grown to be one of the largest jewellery chains in the world today. The Group is launching a year-long celebration with a slew of events and expansions programs in India and abroad to mark the milestone of 30 years in the service to the nation. Kerala Chief Minister Shri Pinarayi Vijayan will kick off the celebrations and dedicate the modern Integrated complex consisting jewellery unit and design studio, at Kakkancherry Kinfra Park on March 4. Indian Union Muslim League (IUML) president Panakkad Sayyid Sadiq Ali Shihab Thangal will preside over the function.

The new Integrated jewellery Unit at Kakkancherry, set up at a cost of Rs 250 crore at a sprawling area of 1.75 lakh sqft, is going to be the most modern jewellery manufacturing unit in India with the latest technologies and facilities. Innovative modern technology has been incorporated to main zero-level of pollution. The unit will give employment to more than1000 people once it is in full stream. 250 of them will be women employees. Currently, around 600 people are already employed in different sections. The facility is ready for formal opening after securing all necessary approvals from the concerned agencies including the State Pollution Control Board. It has also been certified by the National Environmental Engineering Research Institute (NEERI) of the Government of India.

Malabar has set its eyes firmly to become the number one gold and diamond manufacturer and the trader in the world. Currently, it has 307 showrooms and 14 manufacturing units, spread across India and abroad. Malabar is able to withstand the global competition and build the business as it gathers gold, diamond and other precious metals only from responsible sources and manufactures at its own units which also ensures the quality. It manufactures all required packing and designing materials at its own in-house units and it has own designing studio, training centre and R&D division to support the business. The company also takes support from world renowned consulting firms like Deloitte, E&Y, Accenture and IBM for its business from time to time.

While ensuring reasonable profits, the Malabar Group also wants to create maximum employment opportunities for the people. It believes that one single job can provide livelihood for at least four to five members of a family. Employment generation is thus critical to poverty alleviation. Currently, it has over 20,000 employees.

It has already started works to set up new manufacturing units in Jaipur, Surat, Hyderabad and Coimbatore in India and also in Bangladesh. The works on Hyderabad facility will be completed in one year and it will give employment to over 3000 people. Currently, the Group has showrooms in India, UAE, Bahrain, Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, Singapore and America. Plans are afoot to extend the footprint further to UK, Bangladesh, Australia, Canada, Egypt, Turkey and South Africa. Dubai International Hub is now coordinating the international operations. The Group motto is `Make in India, Market to the World’, which fuels its growth engine. The domestic operations are handled by the Mumbai hub, set up recently. The formal inauguration of the hub will also take place in March 2023.

The Group is duty-bound to give back to the society, which in fact is the prime mover of its business. Hence, it has been earmarking 5% of its profit for social welfare programs ever since its inception. The welfare activities include treatment support to the poor, education, housing, empowerment of girls, and environmental protection. Recently it has launched an ambitious project of `Hunger Free World’ which ensures one square meal a day to the needy, spread across different urban clusters. It has launched this program already in 23 cities and gives food to 25000 people every day. This is being implemented with the support of NGO `Thanal.’

Malabar is greatly thankful to all those who supported its growth through the years. Obviously, the prime drivers of our growth are our own customers. However, we also received wholehearted support and able guidance from all sections, including the Union and State Governments, local bodies, administrations in other countries, consultancy firms and the media. We want to put on record our big thanks to all of them.